SilverBow Resources (NYSE:SBOW) Trading Down 4.9%

Shares of SilverBow Resources, Inc. (NYSE:SBOW - Get Free Report) dropped 4.9% during mid-day trading on Tuesday . The company traded as low as $30.38 and last traded at $30.76. Approximately 225,112 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 384,553 shares. The stock had previously closed at $32.35.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. KeyCorp lowered shares of SilverBow Resources from an "overweight" rating to a "sector weight" rating in a report on Thursday, January 11th. Mizuho reaffirmed a "buy" rating and issued a $42.00 target price on shares of SilverBow Resources in a report on Friday, April 5th. Roth Mkm initiated coverage on shares of SilverBow Resources in a report on Monday, February 12th. They set a "buy" rating and a $41.00 price objective on the stock. Truist Financial decreased their price objective on shares of SilverBow Resources from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Finally, TheStreet raised shares of SilverBow Resources from a "c" rating to a "b-" rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

SilverBow Resources Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $812.30 million, a price-to-earnings ratio of 2.61 and a beta of 2.46. The firm's fifty day simple moving average is $31.30 and its 200 day simple moving average is $30.84.

SilverBow Resources (NYSE:SBOW - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.89). The company had revenue of $212.04 million for the quarter, compared to analyst estimates of $231.43 million. SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. On average, sell-side analysts forecast that SilverBow Resources, Inc. will post 8.37 earnings per share for the current year.

Hedge Funds Weigh In On SilverBow Resources

Several hedge funds have recently made changes to their positions in SBOW. State Street Corp grew its stake in shares of SilverBow Resources by 333.6% in the third quarter. State Street Corp now owns 1,007,014 shares of the company's stock valued at $27,069,000 after buying an additional 774,760 shares in the last quarter. Citigroup Inc. grew its stake in shares of SilverBow Resources by 2,874.9% in the third quarter. Citigroup Inc. now owns 617,075 shares of the company's stock valued at $22,073,000 after buying an additional 596,332 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SilverBow Resources by 151.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 642,940 shares of the company's stock valued at $18,697,000 after buying an additional 387,276 shares in the last quarter. BlackRock Inc. grew its stake in shares of SilverBow Resources by 35.8% in the second quarter. BlackRock Inc. now owns 1,227,039 shares of the company's stock valued at $35,731,000 after buying an additional 323,413 shares in the last quarter. Finally, Kore Advisors LP bought a new position in SilverBow Resources during the fourth quarter worth $9,366,000. 91.83% of the stock is owned by institutional investors.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.